How Much Can You Lose With Long Dated Call Options?

i actually sold virtually all my cash equities and then replaced them with auptions. And by doing that, in essence, you now have a situation where if we do get a crash, all you loses a premium on your calls,. The position hasn't got that much smaller, but i have an awful lot more cash in the bank right? Indeedi it was one of your thinking about that, trying to take advantage of the skew that you're seen in the market place.